Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Formosa Sumco TechnologyTPE:3532 +7.96%58 Cyclically Adjusted PS Ratio is 12.09 as of Jul. 23, 2026, which is 183% above its 10-year median of 4.27. GuruFocus rates TPE:3532 with a GF Score™ of 58/100 and a GF Value™ of NT$117.66 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 733 Semiconductors companies, Formosa Sumco Technology ranks worse than 79.4% on this metric.
The historical rank and industry rank for Formosa Sumco Technology's Cyclically Adjusted PS Ratio or its related term are showing as below:
TPE:3532'
s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.87 Med: 4.27 Max: 11.36
Current: 10.95
During the past years, Formosa Sumco Technology's highest Cyclically Adjusted PS Ratio was 11.36. The lowest was 1.87. And the median was 4.27.
TPE:3532's Cyclically Adjusted PS Ratio is ranked worse than 79.4% of 733
companies
in the Semiconductors industry
Industry Median: 2.97
vs TPE:3532: 10.95
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Formosa Sumco Technology's adjusted revenue per share data for the three months ended in Dec. 2025 was NT$8.427. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is NT$38.72 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
Formosa Sumco Technology (TPE:3532) Cyclically Adjusted PS Ratio Explanation
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Formosa Sumco Technology Cyclically Adjusted PS Ratio Related Terms
Formosa Sumco Technology Cyclically Adjusted PS Ratio Historical Data
* Premium members only.
The historical data trend for Formosa Sumco Technology's Cyclically Adjusted PS Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Formosa Sumco Technology Cyclically Adjusted PS Ratio Chart
TPE:3532 vs AMAT, LRCX, KLAC: Cyclically Adjusted PS Ratio Comparison
For the Semiconductor Equipment & Materials subindustry, Formosa Sumco Technology's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Formosa Sumco Technology Cyclically Adjusted PS Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Formosa Sumco Technology's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Formosa Sumco Technology's Cyclically Adjusted PS Ratio falls into.
Formosa Sumco Technology Cyclically Adjusted PS Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PS Ratio of 12.09 mean?
Formosa Sumco Technology (TPE:3532) has a Cyclically Adjusted PS Ratio of 12.09 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Formosa Sumco Technology and its competitors. This is 183% above median its historical median of 4.27. Over the past decade, Formosa Sumco Technology's Cyclically Adjusted PS Ratio has ranged from 1.87 to 11.36. According to the industry distribution chart, Formosa Sumco Technology ranks #582 out of 733 companies in the Semiconductors industry, placing it in the top 79.4%.
Is Formosa Sumco Technology's Cyclically Adjusted PS Ratio too high?
Formosa Sumco Technology's current Cyclically Adjusted PS Ratio of 12.09 is 183% above median its 10-year median of 4.27. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 11.36. The Semiconductors industry median Cyclically Adjusted PS Ratio is 2.97. Formosa Sumco Technology's value of 12.09 is 307.1% above this industry median. Based on the distribution chart, Formosa Sumco Technology ranks #582 out of 733 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Formosa Sumco Technology has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Formosa Sumco Technology's Cyclically Adjusted PS Ratio compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Formosa Sumco Technology ranks #582 out of 733 companies for Cyclically Adjusted PS Ratio. This places Formosa Sumco Technology in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 2.97. Formosa Sumco Technology's value of 12.09 is 307.1% above this benchmark. Historically, Formosa Sumco Technology's own Cyclically Adjusted PS Ratio has ranged from 1.87 to 11.36 over the past decade. While the company's 10-year median is 4.27 vs. the industry median of 2.97, Formosa Sumco Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 2.97, based on 733 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Formosa Sumco Technology's current Cyclically Adjusted PS Ratio of 12.09 is 307.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Formosa Sumco Technology and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Formosa Sumco Technology's current Cyclically Adjusted PS Ratio is 12.09, which is 183% above median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Formosa Sumco Technology stock overvalued right now?
Based on GuruFocus' analysis, Formosa Sumco Technology (TPE:3532) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$117.66, compared to a current price of NT$468.00 — trading 297.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 12.09, which is 183% above median its 10-year median of 4.27 and 307.1% above the Semiconductors industry median of 2.97. Formosa Sumco Technology's overall GF Score™ is 58/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Formosa Sumco Technology (TPE:3532), the current Cyclically Adjusted PS Ratio is 12.09 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Formosa Sumco Technology (TPE:3532) Overvalued in 2026?
Based on GuruFocus' analysis, Formosa Sumco Technology stock appears to be overvalued.
The current stock price of NT$468.00 is trading 297.8% above its estimated GF Value™ of NT$117.66.
GuruFocus considers Formosa Sumco Technology to be Significantly Overvalued.
Key valuation signals for TPE:3532:
Cyclically Adjusted PS Ratio: 12.09 (183% above median its 10-year median of 4.27)
GF Value™: NT$117.66 vs. price of NT$468.00 (297.8% above fair value)
Industry Position: 307.1% above the Semiconductors median (#582 of 733)
No single metric tells the full story. See the TPE:3532 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Formosa Sumco Technology Corp is a Taiwan-based manufacturer and seller of silicon wafer electronic products. The company operates in two principal geographical areas: Taiwan, China, and Japan, with the majority of revenue from Taiwan. The company's product range includes Polished Wafers, Annealed Wafers, Test Wafers, and Epitaxial Wafers.
58GF Score
Get the complete analysis for TPE:3532
Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:3532 has been successfully added to your 
